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.. Suppose that the price of croissants is $1. Calculate the point price elasticity of demand. Would Chez What increase profits by raising the

.. Suppose that the price of croissants is $1. Calculate the point price elasticity of demand. Would Chez What increase profits by raising the price of croissants? 0.38 Raise Price? Because our elasticity is less than 1, the demand is inelastic Yes, raise prices, increasing prices would increase revenues however we cannot be certain about profits.

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